President Bola Ahmed Tinubu has approved the appointment of former Speaker of the House of Representatives, Rt. Hon. Yakubu Dogara, as Chairman of the Board of the newly established National Credit Guarantee Company Limited (NCGC).
The President also named Mr. Bonaventure Okhaimo as the Managing Director and Chief Executive Officer of the company.
Other key appointments to the NCGC Board include:
Mrs. Tinoula Aigwedo – Executive Director, Strategy and Operations
Dr. Ezekiel Oseni – Executive Director, Risk Management
Ms. Yeside Kazeem, a seasoned actuarial professional – Independent Non-Executive Director
The establishment of the National Credit Guarantee Company is part of the Tinubu administration’s broader effort to support economic growth by increasing access to financing for Nigeria’s Micro, Small and Medium Enterprises (MSMEs), manufacturers, consumers, and larger companies.
With an initial capitalization of ₦100 billion, the NCGC is designed to mitigate the risk of lending and enhance creditworthiness across sectors, thereby promoting investment, entrepreneurship, and job creation.
According to a statement from the Presidency, the company is expected to function as a critical financial vehicle that will boost private sector-led growth and help close the credit access gap that has long hindered the expansion of Nigerian businesses.
President Tinubu reiterated his administration’s commitment to delivering economic reforms that directly improve livelihoods, empower local enterprises, and strengthen the nation’s financial ecosystem.
